GDS (GDS) Expected to Announce Quarterly Earnings on Wednesday

GDS (NASDAQ:GDS) is projected to announce its earnings results before the market opens on Wednesday, March 19th. Analysts expect the company to announce earnings of ($0.22) per share and revenue of $3.11 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

GDS Trading Up 0.5 %

NASDAQ GDS opened at $35.45 on Tuesday. The stock has a market capitalization of $6.76 billion, a PE ratio of -11.62 and a beta of 0.07. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. GDS has a 52 week low of $5.85 and a 52 week high of $52.50. The firm has a 50 day moving average of $31.11 and a two-hundred day moving average of $24.24.

Analysts Set New Price Targets

GDS has been the subject of several recent analyst reports. Citizens Jmp upgraded shares of GDS to a “strong-buy” rating in a research report on Monday, January 27th. Royal Bank of Canada downgraded shares of GDS from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $26.00 to $37.00 in a research report on Tuesday, February 25th. JMP Securities initiated coverage on shares of GDS in a research report on Monday, January 27th. They issued an “outperform” rating and a $35.00 price target for the company. Raymond James upped their price target on shares of GDS from $25.00 to $53.00 and gave the company an “outperform” rating in a research report on Friday, February 21st. Finally, Jefferies Financial Group downgraded shares of GDS from a “buy” rating to a “hold” rating and upped their price target for the company from $27.06 to $45.00 in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, GDS currently has an average rating of “Moderate Buy” and a consensus price target of $33.23.

GDS Company Profile

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.